Question

In: Economics

What is the current level of GDP ( Gross Domestic Product) for United Kingdom?

What is the current level of GDP ( Gross Domestic Product) for United Kingdom?

Solutions

Expert Solution

Let's know what GDP is

It is total value of goods and services produced in a country for specific time frame.( quaternor year). It is used to indicate economic growth of country.

Gross Domestic Product i.e GDP for United Kingdom for First Quarter of year 2020 stood at 578,220M dollars.

This is -2.2% drop from last quarter.


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